The prices in real estate in Umm Suqueim, in the Dubai region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Umm Suqueim has remained the same in the last 6 months. In April, the average price per sq.feet was AED 1,489. In May this price pretty much remained the same at a value of AED 1,475 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,482 to AED 1,475 per sq.feet. The price per sq.feet has increased 107 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of AED 1,478.5 to AED 1,584.5 during August, and September.
Based upon to the price in Umm Suqueim (cities), this has gone up considerably in the last 6 months. In our first sample month during April, the average price is AED 2,111,061. In May This price remains at AED 2,045,493. In the following two months the average price has remained the same with regard to the previous two months from AED 2,078,277 to AED 2,045,493. Based on an analysis of the first four prices and the last two months the average price has risen strongly 478 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 17,649,988 they are 93 % more affordable than the average price for Umm Suqueim. The properties with the lowest average price have 4 bedrooms, Their price is 73 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 2,730,951.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of AED 1,429 / sq.feet, with an average AED 1,694 / sq.feet price in Umm Suqueim. The properties with the lowest average prices have 4 bedrooms. They are 7 % cheaper than the average followed by properties with 1 bedroom with a price at AED 1,502 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 17,649,988 it is 89 % cheaper than the average price in Umm Suqueim. "Villa" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Apartment". At a price of AED 1,878,525 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of AED 1,325 / sq.feet followed by "Apartment" priced at AED 1,496 / sq.feet. "Apartment" is the cheapest type of property with a AED 1,496 / sq.feet value followed by "Villa" with an average price of AED 1,325 / sq.feet.